5 Dividend Stocks to Ride Into Retirement

These names have cash, cash flow and lots of room to hike payouts

Wal-Mart

Sure Wal-Mart (NYSE:WMT) is under pressure on all fronts: Target (NYSE:TGT) is gaining with perhaps better marketing, and small, local discount retailers like Dollar Tree (NASDAQ:DLTR) and Family Dollar (NYSE:FDO) are taking bites out of Wal-Mart’s revenues, but it’s still the industry’s 800-pound gorilla. It has paid out dividends since 1973, and has increased them for 38 consecutive years. WMT’s current dividend is $1.20 per share annually for a 2.16% yield.

Cash on hand stands at $8 billion with just over $3 billion in free cash flow. WMT’s 32% dividend payout ratio still leaves it with lots of room to run for the long-term investor.